Banker acquaintance, “When I was in high school my uncle was ranting and raving about Reagan not curbing spending and how the deficits would cause a depression, now over 30 years later deficits have been a standard and only for a few years under Clinton was there a technically balanced budget. The deficit peril has become the laughing stock of bankers and finance.”
Comments?
> The deficit peril has become the laughing stock of bankers and finance. <
I’m not quite sure what that means. Are the bankers laughing at the absurdity of the federal deficit? Or are they laughing at those who worry about the deficit?